Answer the following questions $($true $/$ false$)$ and correct ONLY false one:

A Mission statement is a future$-$oriented declaration of the organization's purpose and aspirations?

true

Price is considered the best competitive advantage that company can offer to its customers?

False.

Competitive advantage can be achieved through various factors like cost leadership, differentiation, focus, care and many others.

$I$

When an organization is in trouble, something needs to be done. managers need to develop strategies, called stability strategies?

Environmental complexity, which looks at the number of components in an organization's environment and the extent of the knowledge that the organization has about those?

Business model is what managers do to develop the organization's strategies.?

A business strategy is one that determines what businesses a company is in or wants to be in and what it wants to do with those businesses?

In aggressiveness culture managers are focusing on results or outcomes rather than on how these outcomes are achieved?

Inited States$)$

Text Predictions: On

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